Business/Finance

Comcast, NBC to sell TV station in Los Angeles

Monday, May 10, 2010
Comcast

Comcast says NBC Universal will sell one of the three Los Angeles stations it owns as the cable TV company prepares to acquire NBC.

Comcast Corp. is trying to clear a regulatory hurdle as it moves to complete the purchase of a majority stake in NBC Universal. NBC Universal currently owns the NBC station in Los Angeles, one for the Spanish-language Telemundo network and an independent Spanish-language station, KWHY.

Federal regulations usually bar companies from owning more than two stations in a local market. NBC has been operating under waivers from the Federal Communications Commission.

(Copyright ©2014 by The Associated Press. All Rights Reserved.)

Get more Business/Finance »


Tags:
comcast, nbc, business/finance
blog comments powered by Disqus
Advertisement